Analyst Ratings for Finisar Corp. (FNSR)Updated: 2017-07-27
Shares of Finisar Corp. (NASDAQ:FNSR) have received a consensus rating of Buy from Wall Street analysts. About 30 days ago, FNSR was issued an average rating of Buy.
A buy rating was issued by 13 analysts, 0 gave an overweight rating, 1 issued a hold rating, 0 gave an underweight rating, and 0 issued a sell rating. Today, there are 1 more analysts optimistic about the company future as compared with 90 days ago. During this time, the number of analysts bearish on the stock has increased by 0.
Several price targets were given for FNSR by the analysts covering the stock. The most optimistic price target was 44, which equates to a potential upside of 56.14 percent. The most pessimistic price target was 32, which equates to a potential downside of 13.56 percent. One must be careful with overanalyzing price targets and ratings due to possible conflicts of interest among the analysts releasing them.
Over the past month, analysts have revised their estimates for this quarter's earnings, with a net average change of -1.61 percent. This can be compared with the average change in earnings estimates over the past 3 months, which is -30.3 percent. On the other hand, earnings estimates for the fiscal year have been revised downwards by -0.58 percent, as compared to a month ago. If we look at the last 90 days instead, we find a net average change of -14.21 percent in FY estimates.
People are often interested in whether analysts were united in the direction of their revisions. 0 analysts made positive revisions to their quarterly estimates over the past month, while 1 analysts made negative revisions. Over the same time period, 0 analysts revised their FY earnings estimates upwards, compared to 1 analysts that revised their FY estimates downwards.
Analysts estimate earnings of FNSR to grow at a rate of -22.44 percent. Another measure frequently examined by investors is the PEG ratio. A lower PEG ratio is favorable, because people typically see that as an indicator of higher growth relative to stock price. Many investors consider PEG ratios between 0 and 1 as preferrable, although it is frequently more appropriate to compare PEG ratios to the company's peers. The PEG ratio of FNSR is -0.58.
In the trailing 52-weeks, FNSR hit 36.85 at the highest peak, while it's lowest trading point was 18.00. The current market price is above the trailing year's low by 56.56 percent, and below the high by 23.53 percent. FNSR has a price/earnings ratio of 12.93. Investors typically compare the P/E ratio to a company's peers in the industry. The FNSR value stock report compares FNSR to some of its peers using value stock charts. The stock has a market capitalization of $3.14 billion. FNSR is estimated to release their earnings results for the quarter on 0000-00-00, days from today.